to it is obama trumpets revise job data, saying we are adding jobs. how would you describe our economy today? >> guest: well, i think right now the economy has worsening. you've got jobs problem pretty severe and persistent. 8.1% of the country without a job. of course we know that does not include those who simply stopped looking. the unemployment rate is more like 11% or 12% of the country. he mentioned durable goods numbers yesterday that indicated the big ticket items things like washing machines and other big-ticket expensive items has slowed. people are waiting to put big money down on important purchases. and then of course he got the gdp numbers yesterday, which came out and showed that growth was revised downward, economic growth revised downward to show a growth number of 1.3%, which is pretty anemic. down from 1.7%. from that report we see things have actually worsened in the last couple months. then effect the issue of business is sitting on cash. right now corporate america frankly is pretty strong. i mean, corporate america over the last